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rates. we are >>> stocks are hot but the economy is not. what does it mean for your investments. >>? plans can led, sticker shock anded to a white house official on capitol hill was asked to explain why millions may not be able to keep insurance plans. >>> and one your later, on the anniversary of hurricanesandy, helping homeowners keep heads above water. that and more tonight on "nightly business report" for tuesday, october 29th. >>> good evening everybody and ç welcome. on this day in 1929 the stock market crashed and 20 points meant 12%. today, 84 years later the dow closed at a record high and the s and a 500 and the mid cap 400. call it green tuesday, if you'd like and some economic indicators market pros watch are flashing yellow, maybe even red. more on that in a moment. here for the record are the numbers on wall street today. a day of historical irony as the policy makers convene to discuss the economy and what to do without it. the dow with a last-hour sprint was 111 points and nasdaq gained 12 and s&p add add 10. >>> investors bought up stocks. retail sa
magazine, john micklethwait, zanny minton beddoes and philip coggan, looking at the global economy. to. >> if you look at history, it would be very weird if you had this amount of this amount of economic dislocation without some degree of political reaction. >> what is staggering to me about the way people are looking at politics is everyone is expecting nothing to change, and that should be the most surprising, if historians come back and look at this period and we still end with the same parties doing the same things, that would be truly extraordinary, because that would be against everything else which has ever happened in any other period of economic dislocation on this scale. >> rose: we conclude this evening with the comedian aziz ansari and for me doing the live special with the very first time i felt bad in a weird way, where i talk about how scared i would be to have a kid or how scared the idea of marriage was to me, and i could see people in the audience like thank you for saying that. i am your age or i am older or younger and feel that same thing and feel that same pressur
to me. >> rose: the global economy and a new breed of comic when we continue. funding for charlie rose was provided by the following. >> captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> we should be doing everything we can to keep families from falling into poverty and build more ladders of opportunity to help people who are willing to work hard climb out of poverty. >> rose: we begin tonight with the global economy, the united states, japan and europe seem to be gaining back some of that lost momentum emerging markets, are witness ago different fate, the international monetary fund cuts its projection for emerging market growth for the year 2013, china is expected to reach its official growth target of 7.5 percent, the country's leadership is facing questions on the sustainability of its economic model. joining me now to talk about these trend are distinguished guests from the economist magazine, they are ed. >> john micklethwait. >> zanny economic editor and philip coggan, capital markets editor, thank you, thank you, thank you.
to continue the massive bond buying program to give the u.s. economy a boost. wrapping up a two-day meeting policy makers at the central bank forecast weaker growth ahead and said the fed will continue the stimulus program and keep the key interest rate at 0%. the fed's state signalled the economy continues to improve but only modestly. >>> investors poured over the statement and seemingly didn't find much to hold on to. stocks set out records yet, maybe they were just tired today and that's why they sold off. probably as good an explanation as any. the dow 61 and nasz deck off 21 and s&p lower by eight. treasury notes were low and yields sparked higher at 2.54%. >>> joining us more to talk about the fed meeting, david kelly, chief global strategist at jp morgan fund. no surprises on that fed decision. even was expecting it but there was speculation one of the reasons the marketsç stayed in the minus column was that there was speculation that maybe ben bernanke will begin this whole tapering thing before he steps down as chief any time between december and january. what do you think? >> i
and everybody got paid. earnings a mixed bag with enough treats to balance out the tricks and the economy is okay. >> the economy is still growing at roughly 2%. so i think it's fairly resilient. we would have actually been growing faster. >> reporter: all and all a pretty good recipe for stocks in a month that's turned its reputation for being unfriendly to equity investors. there was october 1929 of course, the market fell more than 20% ushering in the great depression. there was 1987. the dow crashed 23% in a day and in 2008, the dow was down 28% for the month despite the index' biggest one-day gain ever, more than 936 points on october 13th. this year, of course, it's different. record highs for the dow up 3%. the s&p 500 up almost 5%. the russell 2,000 nearly 3% higher and nasdaq with a gain of 4% this month is higher than its been in 13 years. investment trick or treat. >> try not to think about the levels because it scars you. >> i'm getting more nervous. i'm fighting the greedy monos. >> reporter: so what happens from here? that naturally is anybody's guess really. season nalty is
. >> our economies are very integrated. one would expect that they'll continue to be integrated. you know, so the idea that we're going to isolate them, i don't really see how that would work in any case. but if that were a goal of policy, if we actually could get to a situation where we did sort of separate the countries, that would not be a pretty picture. so i think we have to look to integrate with them and ideally on better terms than we currently have. >> some people refer to this pacific deal as the "north american free trade agreement on steroids." does that make sense to you? >> well, it does because the north american trade agreement in the end wound up helping corporations and didn't do much for american workers. in fact, there have been economists who've said that nafta produced as much as nearly a million job losses in the u.s. and the whole notion of this agreement is to facilitate the movement of capital and to give capital even more privileges than it has now. so, you know, workers, except for a few who have a seat at the table like the uaw, are basically at the back of th
to the fundamentals. is the economy working? are jobs being created? and the answer is no. and people are still angry about that. but where all of these issues get tied together is i think that most wonderful question is the federal government part of the problem or part of the solution? people are looking at washington, and they're seeing a government shutdown. a problem for the economy, drags consumer confidence down, slows the economy. government created the problem, right? health care website. who created that problem? n.s.a.'s spying. who created that problem? so these are all problems that the federal government seems to be creating and not solving. and that is what's pulling everybody down. >> doyle, if we could rewind you a bit here. you said the lesson here is that if the government shuts down, everybody's numbers go down. we have the possibility of this happening again in the next couple of months. did they learn this lesson? do these poll numbers make any difference? >> i think -- certainly the leadership of congress and -- let's be precise. it's the house republicans we're talking about.
is a competitive market and the concern is if this economy plateaus or doesn't continue growing at the clip it's been growing at, will they have to put more money to goose the sales? >> all right. we'll keep watching. phil, thanks so much. >>> well, it is a new month and on wall street, day one was a good one for stocks. the markets got a big boost from a surprisingly strong read on u.s. manufacturing in october. it rose at the fastest pace in 2.5 years. all major averages avoiding a third consecutive day of loses with stocks rising into the close, the dow up nearly 70 points, nasdaq added two, the s&p 500 was up five. rates on the ten-year treasury note rose steadily all session long closing up at 2.6%. >>> time for the central bank to phaseout the stimulus program. charles plauser said the feds should have begun tapering back at its meeting earlier this week. >> i thought we kind of missed an opportunity to make a small gesture to signal the fact this is a dial we can promove and adt it and fine tune it, if you will. >> he suggested setting a maximum dollar amount instead of sticking to the
in the economy so their needs have not changed. they still see their hours suppressed, unemployment high and they still need this food assistance and they rely on map is for making sure their households have a nutritionally adequate diet. >> brown: that's part of the argument, right? one argue system a very large argument that's been going on for a long time. another one is the immediate what happened during the recession and things haven't recovered far lot of people. >> i think that's exactly right which is why we're not advocating back to prerecessionary spend bug the fact is we're spending about 50% more on aggregate welfare than we were when the recession began. it's a huge, huge increase and under obama's budget it's not scheduled to go down. the trillion dollars a year will go up to a trillion and a half. >> brown: why do you think the numbers have gone up so high in terms of the number of people? >> i think part of it is the economy. no one could deny that. there's serious rates of unemployment that continue but but this program is rife with fraud. it has an outreach to bring peo
studying the complexity of the u.s. and global economy. the financial crises of 2008 took nearly everyone by surprise, leading economists and the brightest minds on wall street were forced to rethink fundmental functions, the map and the territory, risk, human nature and the future of forecasting is a guide to measuring economic vacialsz -- variables one thought to be immeasurable. i'm glad to have alan greenspan back at this table. welcome. how do we decide on the map and the territory. >> it's a little abstract and that's what it's supposed to be. the map is supposed to be the conceptual framework what we're doing with and the territory is reality. and economists always try to get the two of them to come together and a good deal of the times we fail. >> rose: all right. let's talk about all that. role clip. this is a clip with you and i n an interview before you wrote this book. >> something you can never the quite cal brate is the human emotional aspect of markets. >> i'm glad you raised that issue charlie because i'm just starting to write a economic. it's call the economytrics of
this is the new brazil, it is the leading economy in latin america. it's now 1-2%. >> yes. well, you know, i'm a terrible skeptic about those gdp numbers. sometimes they say 1.3 or 3.1 or 2.2. if it's 1.6 you get depressed and you don't invest. it doesn't work like that. this is a very big measure of things going on, and has huge holes in gdp. like for example, if you make a hole and then fill it up again, it counts as gdp. so i have a lot of questions about gdp numbers. but having said that, we have gone through a period of slower growth. >> rose: because? >> well, again, government management in the last, in the last presidency calderon was disastrous. what he did in terms of putting the war a drugs on everybody's mind and scaring everybody about you can be killed if you visit mexico or you go to certain towns. i mean, that's not conductive to any kind of good business. >> rose: but the operative idea he had was we kind of wiped this out because it was hurting mexico in every way. recognizing the demand came to the united states otherwise it wouldn't have been the kind of business it was
, the global economy, and the changing nature of work. professor shakin, thank you for joining us on the program. >> let me ask you -- >> it's very nice to be here. >> let me ask you, first of all, about the bart contract and the terms being offered to union workers, including a 15.4% pay raise over four years. what do you think of the terms? good contract? >> i think it's a very good contract. it's fair to both sides. a lot of hard bargaining got us here, but it's something in which both sides can go forward and build on it in constructive ways for bart, for the public, and for each other. >> and for the first time they will be paying into their pensions 1% per year and then rising to 4% in the fourth year. also, health insurance premiums will rise from $92 to $129 a month. those sound equitable to you as well? >> they do. i think we have to put it in a bit of a context. for workers they didn't receive a wage raise over the last four years prior to negotiations, so it's a generous contract for the four years going forward, but it's also meant to pick up some lost ground where the
act will help provide more entrepreneurs in more places and in more sectors of our economy the ability to raise the capital, to get started or to grow their company. >> reporter: arturo says this new law could help him raise money. >> it will allow us to focus on growth much faster and not have to deal with the standard angel funding ventures we would have to go on. >> reporter: is this also going to create more jobs? >> absolutely. if we want to get our economic growth up, the place to start is start-ups. to make sure we're competitive, the focus is start-ups. >> reporter: according to the bureau of labor statistics, each year since 1994, start-ups gained more of all u.s. businesses. to upgrade the law so anyone can raise money over the internet, entrepreneurs will have more access to capital and will, in turn, create more jobs. >> the internet didn't exist 80 years ago. most people didn't have television 80 years ago. most people didn't have cars 80 years ago. the world has changed, and we need to reflect that. >> reporter: but what about the risk to investors? businesses who may hav
at the scale the global economy requires. there's no credible path to climate stabilization that does not include a substantial role for nuclear power. honda is recalling 344,000 of its 2007 and 2008 odd see minivans saying that the van's brake and they are not aware of any problems related to the brake problem. >>> runners participated in the new york marathon. the two winners were kenyans. >>> we're talking about a new executive order by president obama requiring local governments and federal agencies to account for climate change when they undertake big new projects. for more, we're joined from washington by margaret tolive. if we're just catching up here, what were those changes? what was the executive order saying? >> so the executive order is telling federal agencies and local governments and especially federal agencies to analyze all of the risks that climate change may have to their missions and what they do, to talk about what they are already doing and what they should be doing and sets up a task force to put all of these suggestions and recommendations together and analysis
journalism. in this bad economy are borrowing from their 401(k)s... >> the number of workers borrowing from their accounts has reached a ten-year high... >> a record number of workers now raiding their 401(k)s... >> martin smith: let's begin with one simple fact: america is facing a retirement crisis, and the statistics are grim. half of all americans say they can't afford to save for retirement. one third have next to no retirement savings at all. >> i just don't know if i'll be able to save that much. god willing, social security will still be there. for someone like me, it'll probably be enough to keep me out of poverty. >> the retirement fund gets sliced and diced and divvied up for wall street to play with... >> i'm just going to have to somehow find a way to save 10% of my salary or 15% of my salary, which is probably what i need to actually be saving to have any shot of retiring, you know, not on food stamps. yeah, i don't know. hope to be able to retire. >> recently i've started to look into how to make more money, how to increase my income while still teaching. it's tough to really
funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> united healthcare-- online at >> the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: members of congress took fresh aim at the new health care law today. the house ways and means committee called in the head of the centers for medicare and medicaid services, who accepted responsibility for some of the problems with the health care web site. newshour congressional correspondent kwame holman begins our coverage. >> to the millions of americans who have attempted to use let thot shop sand enroll in health care coverage, i want to apologize to you that the web sipt has not worked as well as it should. >> reporter: at the outset, health program admini
. the way to raise revenue from our perspective is to grow the economy, to get people back to work. >> compromise runs both ways. while we scour programs to find responsible savings, republicans are also going to have to work with us to scour the bloated tax code and close some wasteful tax loopholes and special interest subsidies because it is unfair and unacceptable to ask seniors and families to bear this burden alone. >> ifill: the committee has until december 13 to hammer out an agreement. otherwise, the next round of cuts will kick in next year. we'll have more on this, later in the program. there's word that the national the deficit ran $680 billion -l last month. the first time red ink has fallen below a trillion dollars in five years. today's report said revenues rose by 13% while spending fell nearly 2.5%. there's word that the national security agency is routinely intercepting e-mail traffic between yahoo and google data centers. "the washington post" reported today it's being done jointly with british intelligence, and involves millions of records every day. the n.s.a.
by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: israel has launched new air strikes into syria. u.s. security officials say the attack came after nightfall, in the syrian port city of latakia after nightfall. the target was said to be russian-made, surface-to-air missiles. it's at least the third time this year that israel has carried out air strikes inside syria. syria has met a deadline to destroy all of its declared chemical weapons making equipment. the organization for the prohibition of chemical weapons verified it today. it's part of syria's agreement with the u.n. to destroy all chemical facilities and weapons by mid-2014. we'll have more on syria, later in
francisco's booming economy is companies like a leading maker of products and growth has been explosive. marc benioff is a local boy made good. he earned a fortune and feels an obligation to give back. in fact, he made corporate part of the business plan. they donated $3 million to san francisco's middle schools for teacher training, wireless access and ipad s for students. in 2010 he donated $120 million to the children's hospital. scott shafer has our interview. >> reporter: marc benioff welcome to kqed newsroom. >> glad to be here. >> you're a fourth generation, born in the mid 60s. a lot going on then. how did that impact you and the way you look at the world? >> well, i love the bay area and san francisco. i feel like we live in a nirvana here and we look at the amazing people and on top of that unbelievable invasion that comes out of these universities and communities and draws so many interesting people from all over the world. >> what about you as a kid or even as a young man? is there something -- was there something that it clicked for you that really made you the pe
social health. and those two ingredients are on the one hand notions of equal opportunity and the economy, and at work, and which americans would find very little fault with. but the other side of that equation is, they've also supported notions of family support policies. that they want all their families to be healthy, to be economically secure, and to have as many earners as possible and as many caretakers as possible. so that means, not only that they have incorporated women into the workforce, they've incorporated men into the home. they have very strong policies that bring men in as fathers, and finally, they've accepted and in fact, embraced the notion that families are part of larger communities, and good child care makes it possible for women and men to gain more equality in their lives. >> and educational attainment, we are tied for first with about 24 our countries. >> exactly. >> but when it comes to health and survival, the speck measure of healthy life expectancy, we're 53rd. much lower than one would think living in the u.s.? >> very counter intuitive since we talk all the
, and good night. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> united healthcare-- online at >> supported by the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful world. more information at >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh >> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, united health care and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. w
are >>> stocks are hot but the economy is not. what does it mean for your investments. >>? plans can led, sticker shock anded to a white house official on capitol hill was asked to explain why millions may not be able to keep insurance plans. >>> and one your later, on the anniversary of hurricanesandy, helping homeowners keep heads ab
to deal with the middle east. he would like to pivot to asia, that is where the economies are growing and he would like to walk away from the middle east and what we see, i think, all of these things that are happening that we can see post of which are bad, they are happening essentially in the absence of really strong american leadership. >> rose: what is going to happen in syria? >> blood. >> well, a good muslim will say, only allah knows. we don't know what is going to happen to syria. we don't know if syria will hold. we know syria is broken into these different parts. we do know that historically syria was, it has the sunni cities and damascus, it had the alawite coast and druid area in the southeast and kurdish part in the northeast, so in a way, syria itself is being tested and the proposition is being tested whether syria could hold together. one note on, i am very sympathetic to what david ignatius says that we can't really solve the sunni shia schism, the sunni shia schism dates back to karbala, it is not calling on the united states to solve that crisis but the united state
Search Results 0 to 39 of about 40 (some duplicates have been removed)